$134 Billion Mystery

... from would-be bond smugglers

by William Pesek - June 18, 2009 - The Standard Finance (Hong Kong)

Let's assume for a moment that these US bonds are real.

That would make a mockery of Japanese Finance Minister Kaoru Yosano's "absolutely unshakable" confidence in the credibility of the US dollar. Yosano would have some explaining to do about Japan's US$686 billion of US debt if more of these suitcase capers come to light.

Counterfeit US$100 bills are one thing; two guys with undeclared bonds including 249 certificates worth US$500 million and 10 "Kennedy bonds" of US$1 billion each is quite another.

[snip]

It would be terrible news for the White House. Other than the United States, China and Japan, no other nation could theoretically move those amounts. In the absence of clear explanations coming from the Treasury, conspiracy theories are filling the void.

It is just one more example of the consequences of the Magic Marxist Messiah's total destruction of the American economy in less than six months. The world is laughing, not just the Chinese finance experts who openly ridiculed Tim Geithner's claim that our money was secure made when he was on a recent visit. Obama and his Treasury Secretary are jokes.

It does seem curious why only Glen Beck, here in America, is openly outraged at both Obama AND the Republicans. Most Republican leadership tries oh so hard to say nice things about Obama. Many of these Republicans actually went along with the inarticulate retard, George W. Bush, when he started the unconstitutional moves to destroy our free enterprise system with the proposed TARP. Then Harry Paulson and Ben Bernanke took the money and spent it in totally illegal fashion to buy stock and bailout auto companies, something the TARP legislation did not permit. Paulson even bragged about the lack of legality when he testified to congress. Obama has, using Geithner, continued the illegal processes pioneered by Paulson. However the problem started on Bush's watch and Republicans went along.

This article about the bonds is getting little coverage here in America and I don't know why. There is no story more critical to our economic survival. You can't just look at what is happening today. You have to think about the future. And right now, a continuation of Obama's ongoing idiocy is certain to destroy our financial base more disastrously than Carter ever did. The scale of these bonds is pointed out in the article. No country in the America's, not even Mexico or Brazil, could get their hands on this much money legally. Only China and Japan have reserves that would total money on this scale.

Since it is almost certain that these bonds were being smuggled into Switzerland by either China or Japan (excluding the U.S. no one else owns enough), this has to be a signal American currency is about to suffer a world wide attack of unprecedented levels. All the while our financial idiot Obama blithely goes ahead spending money at a level no sane person could defend.


Update - 6/19/2009 - Boy did I get this wrong.

Latest speculation is that the two japanese, dressed in suits, were a part of the Italian mafia. What? Yep. That is the U.S. government take on this. A new article by Canada Free Press has some intriguing thoughts on this case in an article by Douglas J. Hagmann, Director & Judi McLeod which can be found here.

One paragraph in this article leaps off the page:

It is relevant to note here, however, that such bearer bonds have not been legitimately issued by the U.S. Treasury Department since 1982, at least according to public reports by the U.S. Treasury. This is important to point out due to the reasonable speculation that there is not $134.5 billion of bearer bonds left in the market, thus bringing up the possibility that the bonds in the possession of the two men are counterfeit. This possibility, as it turns out, is extremely important to the U.S. for two reasons. First, it would mitigate the potential impact on the U.S. economy by asserting that the bonds are indeed counterfeit. Secondly, it would provide the U.S. Federal Reserve a vital alibi for a much larger crime being perpetrated on the American people. That crime would be the secret, “off-the-books” issuance of securities to other nations to finance deficits, among other purposes.

Who believes a Treasury Department ruled by the tax cheat Tim Geithner in an Obama administration that clearly cares nothing for the rule of law is telling the truth about anything. I am now starting to think this was done by the U.S. to move money to Japan.

Why?

I do not believe the U.S. story that the bonds were counterfeit. Who thinks that anyone would take instruments of this denomination and not check that they were legally owned since it is so easy to check? Is anyone suspected of being that stupid? Can you think of anyone? If they were going to be checked, who but America would benefit from their clandestine movement to Switzerland?


Update Two - 6/21/2009 - Consensus is forming that the Bonds are forgeries

As bizarre as it may seem, it is being accepted that this was an attempt to pass off forged bonds as real. I do not understand how any crook could be that stupid, but that is the story and our government is sticking to it.